Raleigh, NC Profile: Facts & Data

The City of Raleigh is the 2nd largest city in North Carolina with a population of 489,761 as of July 1, 2024. Raleigh ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in North Carolina. See peer rankings below.

The primary coordinate point for Raleigh is located at latitude 35.7721 and longitude -78.6386 in Wake County. The formal boundaries for the City of Raleigh encompass a land area of 144.12 sq. miles and a water area of 1.08 sq. miles. Wake County is in the Eastern time zone (GMT -5).

While the primary coordinates for City of Raleigh are located in Wake County, it should be noted that the formal boundaries for this community also extend into and Durham County.

The City of Raleigh has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Raleigh, NC Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	489,761 (100%)
Population in Households	471,888 (96.4%)
Population in Families	336,150 (68.6%)
Population in Group Quarters¹	17,873 ( 3.6%)
Population Density	3,277
Diversity Index²	73


INCOME
Median Household Income	$83,646
Average Household Income	$121,006
% of Income for Mortgage⁴	34%
Per Capita Income	$51,439
Wealth Index⁵	95
Socioeconomic Status Index⁶	Moderate (52.3)

HOUSING
Total HU (Housing Units)	222,503 (100%)
Owner Occupied HU	102,355 (46.0%)
Renter Occupied HU	105,444 (47.4%)
Vacant Housing Units	14,704 ( 6.6%)
Median Home Value	$454,513
Average Home Value	$526,657
Housing Affordability Index³	73

HOUSEHOLDS
Total Households	207,799
Average Household Size	2.27
Family Households	110,707
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Raleigh, NC - Peer Comparisons by Rank and Percentile

The table below compares Raleigh to the other 777 incorporated cities, towns and CDPs in North Carolina by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.06%	1.42%
Households	1.40%	1.65%
Families		1.46%
Median Household Income		3.69%
Per Capita Income		2.97%
Owner Occupied HU		0.80%

Variable Description	Rank	Percentile
Total Population	# 2	100th
Population Density	# 5	99th
Median Household Income	# 139	82nd
Housing Affordability Index	# 134	17th
Per Capita Income	# 80	90th
Diversity Index	# 93	88th

Raleigh, NC Profile: Facts & Data

Raleigh, North Carolina - Basic Facts

Raleigh, NC Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Raleigh, NC - Peer Comparisons by Rank and Percentile

Raleigh, NC - Most Popular Things to Do

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